The City of Asheville ranked #5 in a report by NuWire Investor of the top 10 places to buy a vacation home in the United States. Asheville was the top-rated town in the Eastern United States. To see the entire list, read the article here.
Any time I start tracking land sales, I get sidetracked by all the variables in each sale. For example, a remote, steep 20 acre tract of land in the outreaches of Black Mountain can sell for much less than a ¼ acre tract within the Black Mountain city limits. The mix of size and location of property sales makes it very difficult to compare land sales from year to year and get a very meaningful trend.
As usual, I have used data from Asheville area multiple listing services (MLS). The data doesn’t include for sale by owners or some new developments. (more…)
